Archive for May, 2007

Sale of petroleum products terminal at Port of Albany completed

May 11th, 2007
Sale of petroleum products terminal at Port of Albany completed

Global Partners LP, a Waltham, Mass., company, has completed the acquisition of the refined petroleum products terminal at the Port of Albany formerly owned by ExxonMobile Oil Corp.
Global Partners, a wholesale distributor of gasoline and oil products paid $101.5 million for the terminal facilities at Albany, N.Y., Newburgh, and Burlington, Vt. The three terminals can [...]

Maxum Petroleum acquires Petroleum Products

May 11th, 2007
Maxum Petroleum acquires Petroleum Products

Maxum Petroleum, Inc. has announced the acquisition of Petroleum Products, Inc. and two affiliated companies, Petroleum Transport, Inc., and Petroleum Fueling, Inc. Headquartered in Charleston, West Virginia, Petroleum Products was founded in 1938 and is the leading supplier of fuels, lubricants, and related value-added services to industrial and coal mining operations in the Central [...]

Ultra Petroleum CEO Michael D. Watford Exercises Options for 25,000 Shares

May 11th, 2007
Ultra Petroleum CEO Michael D. Watford Exercises Options for 25,000 Shares

The president and chief executive of natural gas and oil explorer Ultra Petroleum Corp. exercised options for 25,000 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Wednesday, Michael D. Watford reported he exercised the options Monday for 46 cents apiece and then sold 15,726 [...]

Petrostar Petroleum Corporation: Enhanced Oil Recovery Technoligy Update

May 10th, 2007
Petrostar Petroleum Corporation: Enhanced Oil Recovery Technoligy Update

Petrostar Petroleum Corporation announces the field testing of its Enhanced Oil Recovery Technology or as it is currently described as its Down Hole Heating Device commenced May 2, 2007.The initial test well A9/16 will continue for approximately 10-14 days at which time the tool will be removed from the test well and test data [...]

Depleted uranium may post health hazard

May 10th, 2007
Depleted uranium may post health hazard

Depleted uranium is the material remaining after removal or depletion of the U-238 isotope. With a density about twice that of lead, depleted uranium is ideal for use in military armor and munitions.
But now John Pierce Wise Sr. and colleagues at the University of Southern Maine have discovered depleted uranium dust produced in combat [...]

U3O8 Corp. Intersects Uranium in Phase 1 Drilling

May 10th, 2007
U3O8 Corp. Intersects Uranium in Phase 1 Drilling

U3O8 Corp. is pleased to announce positive results from the first two holes of its 16 hole Phase I, 2,400 meter drill program in the Aricheng Area, located in Permit Area A, Guyana, South America. The initial results are encouraging and confirm uranium mineralization identified by Cogema in the early 1980’s. Results of note are [...]

Alcoa offer good news for Alumina

May 9th, 2007
Alcoa offer good news for Alumina

ALUMINA’S shares were up nearly 4 per cent yesterday after its international partner, Alcoa of the U.S., made a $32.5 billion bid for its main competitor, Alcan of Canada.
If the Alcoa bid is successful - and analysts were yesterday resurrecting the idea that both Rio Tinto and BHP Billiton were possible spoilers who could well [...]

Sierra Leone: Mining Company Suspends Operation With US$2.5 Million Wasted-Tears Flow in Port Loko

May 9th, 2007
Sierra Leone: Mining Company Suspends Operation With US$2.5 Million Wasted-Tears Flow in Port Loko

Residents of Port Loko district are reported to have wept bitterly after receiving shocking news from the Project Manager and Chief Geologist of the Port Loko Bauxite Project, Ebo Bakker that they are suspending operations in Sierra Leone as a result of the non-renewal of their exploration license.
The Port Loko Bauxite project is managed by [...]